Sunday, October 4, 2009

Downtown and Oliver Condos Market Update

It's already October and it seems like the summer was never here. The colder temperatures and yellow leaves on the ground are just the reminders of the inevitability of cold winter coming our way. Will Edmonton real estate market bring cold or warm welcome to our homes as the new year approaches? The answer by some is "neutral". I let you figure out what they mean by that.
The last months number of Downtown and Oliver condos sold through the Edmonton MLS® have decreased slightly by 8.5 percent as September is historically a slower month. 63 condos have sold in total for the average price of 265,552 and list price of 275,556 and 60 under 500K mark.

The price per square foot have increased by 4.8 percent from 277 per sq.foot in August to 291 in September. The inventory has also decreased by 3.7 percent, good news for the sellers. The absorption rate stood at 4.2 with an average sold-to-list price ratio of 96% and days-on-market of 42.

Number of Downtown and Oliver Condos Sold

Statistics table For Downtown and Oliver Condos sold in September under 500K double click for a closer look